The Organization of the Petroleum Exporting Countries (Opec) released its monthly oil market report on the 13th, slightly raising its forecast for global oil demand this year, saying that the fundamentals of the oil market remain strong.In the report, Opec forecast that based on the momentum of glob

On the morning of November 14, at the 6# berth of Baogang International 2× 100,000 ton crude oil Terminal in Dongying Port, the first "Daqing 451" vessel loaded with 50,000 tons of crude oil was carrying out berthing operations, marking the official operation of the terminal.Baogang International 2×

Last week, the company bid for oil production equipment in the Southeast Asian market, including pump 20-175THM20-4-2-2, 25-225THM20-3-2-1, sucker ROD 3/4X25FT, 7/8X25FT, 1X25FT, DPSB blowout preventer box, CROSS T, ROD BOP, etc. roller rod guide3/4X3-1/2, 7/8X3-1/2, rod wrench 3/4, 7/8, rod lift 3/

By Nov 13,2023, the future price of light crude oil from New York Mercantile Exchange closed at USD 76.60 a barrel. decrease USD5.15 than Nov 6.2023, The drop rate is 6.30 %. The future price of crude oil from London Brent closed at USD80.86 a barrel, decrease USD5.22 than Nov 6.2023.the drop rate i

The UK North Sea Transitional Regulatory Authority (NSTA, formerly the UK Oil and Gas Authority) has announced that it has approved the development of the Rosebank field in the Shetland Islands, Scotland. Equinor (Norway's Statoil) owns 80% of the project and Ithaca Energy (UK) owns 20% of the proje

The reporter learned from petrochina Tarim Oilfield on October 26 that the drilling depth of China's first 10,000-meter exploration well - deep Earth Tako 1 well broke through the 8,000 meters mark, reaching 8,056 meters, and fully entered the difficult formation drilling stage.The target drilling d

The reporter learned from the Tarim oilfield on November 7 that as of November 7, the cumulative production of oil and gas equivalent in the Tarim oilfield exceeded 500 million tons, of which 161.37 million tons of crude oil and 424.998 billion cubic meters of natural gas.Tarim Oilfield is located i

Valve ball and seat is one of key parts of subsurface sucker rod pump. Its performance directly affects the use effect and service life of sucker rod pump. Good quality will increase the oil production and reduce maintain times of pump to improve the oil well’s economic benefit.The ball and seat are

Last week, the company's customer placed an order for 50 DPSB BOP boxes with specifications 1-1/2, 1500psi, 3-1/2EUE pin and 1-1/4, 1500psi, 2-7/8EUE pin. At present, the cast parts of the blowout preventer box have been arranged for production, and the relevant processes are carried out as planned,

Float collar and float shoe are conventional necessary accessories of casing string substructure, usually connected in the bottom of casing string, used to guide the casing string smoothly into the well, to prevent cement back flow and create pressure then cement solidification after Realizing press

By Oct 30,2023, the future price of light crude oil from New York Mercantile Exchange closed at USD 84.85 a barrel. decrease USD2.47 than Oct 23.2023, The drop rate is 2.83 %. The future price of crude oil from London Brent closed at USD88.63 a barrel, decrease USD2.83 than Oct 23.2023.the drop rate

On October 19, the reporter learned from the release of major landmark achievements of Shengli Oilfield that Shengli Oilfield focused on long-term scale efficiency to stabilize production on production, 2023 onshore conventional oil reservoir single well production capacity increased by 10%, capacit